| Eligibility |
- Individuals/Groups of Individuals/Company/Co-operative Society engaged in a Small & Medium Scale Enterprises
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| Sanction Limit |
- Working Capital - Need Based
- Term Loan - 75% of the proforma invoice
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| Repayment
period |
- Tailor made to suit your needs - maximum 84 months
- No pre-payment penalty
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| Rate of interest |
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| Security |
- Hypothecation/Mortgage of Assets acquired out of Bank Finance
- One guarantor with adequate net worth
- Other security on a case to case basis
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| Documents
Required |
- Proof of Residence - Aadhar Card Card/Driving license/ Passport/ Electricity Bill/ Telephone Bill
- Proof of Income - Last 3 years Statement of Accounts/Tax Returns
- Documentary evidence for the purpose of the loan
- Other documents on a Case to Case basis
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